The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-29
CONDITION OF THE MARKETS
4 Quiet Day in Wheat. the Business Be-
ING Chiefly Transferring Options.
Corn Fairly Active. the Market Closing at a
Slight Advance-0ats Active and Higher
Moderate Activity in Provisions.
MONEY. BONDS AND STOCKS.

Sudden and Decided Change for the Bet
ter, the Market Closing Firm.
NEW YORK, June IS Money on call loaned
rom per cent per annum to 1-16 per cent.
and interest per diem. closing at "a per cent.
Prime mercantile paper sac per cent.
Sterling exchange was unsettled and weak at
g. s21 for sixty day bills and 81 S34 for de-
mand.
The total sales of stocks to-day were 465, 553
shares, including the following: Canada
Southern, 1855; Delaware. Lackawanna &
Western, 81, $50. Erie. IL, 900: Kansas g. Texas,
4,645; Lake Shore. 20.975; Louisville & Nash
Vile, s,490: Missouri Pacific, 11.064; Northwest
ern, 6. $50. New jersey Central, 4, $50; New York
Central. 5.62s; Northern Pacific, 1880: Oregon
Transcontinental. 5.5S5; Pacific Mail. IS. 10;
Peoria Decatur s. Evansville, A. 400 Reading.
I19. 600; ST Paul. 36, ia: St Paul & Omaha. f.
80; Texas Pacific, 6,4S5; Union Pacific. 7,420;
Western Union, 1920
The stock market underwent a sudden and de-
,ided change for the better to-day, but was fever
sh and in the early hours quite excited The
pressure was renewed in the forenoon; many dis
suieting rumors were put in circulation, and not
outstanding the buying for London account,
which assumed larger proportions than for
weeks past. a further decline was established
the drive was ended before noon, and IL was
then gwen out that Mr.. Field had transferred
.arge block of Manhattan stock 70 MIR. Gould.
and the latter was said to be again under the
market. The room traders and professionals
followed the lead of London, and many of the
former. who we're very conspicuous previously
IN hammering prices became equally prominent
n bidding them mp. Shorts were covered all
around, and ruuors OF settlements OF
the telegraph again became cur
rent Money was again very slgns;
but eased M perceptibly toward the end OF
The day, while there was a further reduction or
ic in sterling exchange rates The early drive
was specially heavy against Pacific Mail ana the
Gould stocks, but the latter were very prominent
In the rally. Manhattan opened down Il at 1884,
and fell 120. but later recovered to $780, closing
Mt 12S ON sales OF only 3, 100 shares. The open
ing was active and weak at declines extending
60 l per cent. The market showed great rregu-
larity, with Pacific Mall Missouri Pacific and
Jersey Central notably weak. though majority
of the remainder were well held, though yielding
slightly. After the first hour there was less &C
svity, and "a rally occurred. but the market
halted at Shortly after that time how
over. decided strength was developed through
out the list. which continued to p NJ, all the
active stocks making handsome gains
Some hesitation displayed in the last
hour, but the close was firm at about the best
figures reached Almost the entire active list IS
higher this evening. the exceptions being Pacific
Mail New York Central. Fort Worth and Della
ware q Hudson, which lost small fractions, but
& West Point, II; Missouri Pacific, Il; Lacka-
wanna, IL: Texas Pacific, Is: Omaha and Louis
Vile & Nashville, II: ST. Paul. l.
Railroad bonds were dull; sales. ST.. 125, 900.
The market was quite weak early in the day, but
rallied in sympathy with the share market in
the afternoon, though, unlike the latter. closin
figures generally lower ST. Paul 80 fell
21 to I22: Denver & Rio Grande western as
sented bonds, p. to 49, Kansas Texas sevens,
2, to II; Peoria, Decatur & Evansville, Evans
Vile division firsts, to ITO. and Green Bay In
comes. g. To 43.
Government and State bonds were dull and
steady. Closing quotations were: